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The effect of filing a financing statement in the incorrect filing office is losing
perfection on the security interest.
Two black professors and their families (who had recently transferred to a university in
a small town) sought to purchase homes in an all'‘white development. The developer
took the professors aside and told them that he would build them the same homes for
cost anywhere else in the town if they would not buy in the subdivision. The professors
wish to file suit. Do they have any rights?
Landlords in commercial properties are not liable for damages from third party criminal
activity.
Cottage Hill Realty listed the Bryant's property. The Bryants mentioned to the Cottage
Hill agent that they had filed a claim against their builder for failure to treat the
foundation (for termites) within two days of pouring. The Bryants anticipated chronic
problems and were, therefore, selling the home, but would subrogate their claim to the
buyers. The agent does not disclose this information to the buyers. Is he obligated to do
so?
